1627 S Burlington Ave - Apartments FOR SALE
Los Angeles, CA 90006 |
1627 S Burlington Ave
Los Angeles, CA 90006
HIGHLIGHTS
- High-Performing Duplex – Improved to operate as 7 rental units with strong cash flow.
- Vacancy Advantage – 5 vacant units ready for lease-up or repositioning.
- Development Ready – RTI plans approved for 4 additional ADUs on an 8,007 SF RD1.5 lot with wide alley access.
- Strong Returns – Current 8.4% CAP rate and 8.8 GRM, with projected +$10,000/month additional rental income after ADUs.
- Multifamily | 7 Units | $142,828/unit
- Prime Location – Near Downtown LA, USC, and major freeways, in a high-demand rental market.
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3932
STORIES
2
YEAR BUILT
1901
PARKING SPACES
10
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5135-011-017
